Egypt launches its first ever digital bank ...Egypt

EGYPT INDEPENDENT - Economy
Egypt launches its first ever digital bank
source : EGYPT INDEPENDENT ( Egypt ) () 73
Banque Misr through its subsidiary Misr Digital Innovation has obtained a license from the Central Bank of Egypt to launch the first digital bank in Egypt, according to informed banking sources. The Egyptian Nile News Channel quoted the sources as saying that Bank Misr obtained the license on Thursday after completing the review of all procedures, inspection work, and the necessary infrastructure and systems for operation. The CEO of Misr Digital Innovation, Sharif al-Behairy, explained that the existence of digital banks in Egypt has become a necessity required by the market currently. During a 2024 CEO sessions, Year of Recovery, al-Behairy stated that building a platform for the first dig

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